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Jun 24, 2013
06/13
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to help improve our economy. that is why depositimocrats and republicans here on capitol hill, and the president, need to fix the tax code that will help us promote economic growth and deal with the long-term spending problem. >> how like central that over the next year? i -- how likely is that over the next year? bernanke made it clear that if the data continues as it is, that they will be out of the bond buying business in a year from now. will we see fiscal policy in terms of tax reform and regulatory clarity? will we see it in the next 12 months? >> hope springs eternal in my heart and while we have big differences over what tax reform may look like, and entitlement reform may look like. we have to come together and to deal with these things. >> how do we tap into the rich assets that this country holds? is there a likely hood that we see keystone approve tracking developed? >> when it comes to energy, we need the keystone pipeline. we have 9, 100 unit tank trains that leave north dakota every day. and many g
to help improve our economy. that is why depositimocrats and republicans here on capitol hill, and the president, need to fix the tax code that will help us promote economic growth and deal with the long-term spending problem. >> how like central that over the next year? i -- how likely is that over the next year? bernanke made it clear that if the data continues as it is, that they will be out of the bond buying business in a year from now. will we see fiscal policy in terms of tax...
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Oct 9, 2013
10/13
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CSPAN
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they admire our economy. they admire our entrepreneurs. they know that their growth is going to be contingent on working with us. they care about the secure environment that we maintain, help maintain, and the freedom of navigation and commerce that is so important to them. it's not as if they have other places to go. they want us to be there and they want to work with us. in each of these big meetings that we have around the world, a lot of business gets done. in the same way that a c.e.o. of a company if they want to close a deal aren't going to do it by phone. they want to show up and look at is eye to eye and tell them why it's important and shake hands on a deal. the same thing is true with respect to world leaders. and the irony is our teams probably do more to organize a lot of these multilateral forums and set the agenda than anybody. we end up being engaged much more than china, for example, in setting the agenda and moving this stuff forward. it's almost like me not showing up at my own party. it creates a sense of concern on the
they admire our economy. they admire our entrepreneurs. they know that their growth is going to be contingent on working with us. they care about the secure environment that we maintain, help maintain, and the freedom of navigation and commerce that is so important to them. it's not as if they have other places to go. they want us to be there and they want to work with us. in each of these big meetings that we have around the world, a lot of business gets done. in the same way that a c.e.o. of...
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Feb 2, 2013
02/13
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FOXNEWSW
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the economy has absorbed those that already here, but our economy will continue to grow, maybe not as much as we like under the current president. we will grow again and have a need for more workers. we need a legal way for them to come. >> we need skilled workers, scientists and engineers because we are not graduating enough americans but low skilled work is foreindustries like farm labor, hospitality, construction and lots of other things? >> let's emphasize this point. we're not talking about a marginal matter in the economy. these workers are integral to the economy in states like georgia, and iowa. meat packing in alabama, chickens, texas, construction. all those industries employ a lot of these low skilled immigrants. some of them are illegal and some of they will legal but integral part of restaurants. restaurant industry in new york would collapse over night if they weren't there. the issue is whether americans will take those jobs is unclear. the evidence is they won't. those industries can't remove these immigrants and replace them with american workers. >> paul: i think it'
the economy has absorbed those that already here, but our economy will continue to grow, maybe not as much as we like under the current president. we will grow again and have a need for more workers. we need a legal way for them to come. >> we need skilled workers, scientists and engineers because we are not graduating enough americans but low skilled work is foreindustries like farm labor, hospitality, construction and lots of other things? >> let's emphasize this point. we're not...
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Jan 13, 2013
01/13
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we're going to build the new economy within renewables. that is where we need to put our investment. if you look at the withdrawal of a special provision of oil, gas, and coal, it tells a story about how we think you invest in the future. >> thank you. just a couple of thoughts. years ago i was taught what was called a harvard case study approach to solving problems. it was taught in business school and the idea was to your given this complicated situation with different things that would be a good thing to do. part of the discipline was that you should pick the number one thing, the first and essential element you have got to deal with. frequently that was the situation that would determine whether the company was going to succeed or fail. but as i take a look at the things that you are looking at dealing with within the budget, to some degree we are dealing with peripheral things and it seems that there has been pretty good emphasis, but the and velvet -- the elephant in the room is the tremendous growth of entitlements. i heard referenc
we're going to build the new economy within renewables. that is where we need to put our investment. if you look at the withdrawal of a special provision of oil, gas, and coal, it tells a story about how we think you invest in the future. >> thank you. just a couple of thoughts. years ago i was taught what was called a harvard case study approach to solving problems. it was taught in business school and the idea was to your given this complicated situation with different things that would...
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Feb 27, 2013
02/13
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KICU
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that is so important. > with the dip in the economy, is your business still strong? > > families are paying their loans, students are paying their loans. most of our loans are current, and our numbers are improving. > there is a push right now out there, people are saying college just isn't worth it. is it worth the investment? > > it absolutely is worth the investment, but it has to be done carefully and with a great deal of research. you invest in a stock, you just don't go out and buy it because you feel like it. you research that stock. same thing with colleges. research, create a plan, and what we see is, among a lot of the recent economic research is, individuals with bachelor's degrees have weathered the recession so much better than their less-educated peers. > great to have you on the show. thank you very much. > > thank you for having me. coming up, ideas on what to sell and what to buy in the stock market. time now for chart talk. tim biggam of money block joins us for that. tim, there are both buying and selling opportunities in this market. let's start w
that is so important. > with the dip in the economy, is your business still strong? > > families are paying their loans, students are paying their loans. most of our loans are current, and our numbers are improving. > there is a push right now out there, people are saying college just isn't worth it. is it worth the investment? > > it absolutely is worth the investment, but it has to be done carefully and with a great deal of research. you invest in a stock, you just don't go...
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Oct 6, 2013
10/13
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WTTG
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the economy down. you agree. in 1997 you were deputy director when the debt was tied to measurin measures for the government. >> chris, in 1997 i sat through ere me-- every meeting and it w never brought up. i know john boehner doesn't want to default or shut tdown. >> john boehner is not threatening to default. he is saying he doesn't want to. republicans to talking about a down payment on the debt. they're willing to ease the automatic spending cuts through long term enitlement reform. >> we need to separate the issues. >> why? >> it is cause k real damage to the american people. every day people who thought it was okay to shut the government down they're discovering why it's a pob. you can't discover it. >> so you refuse to negotiate over a debt solution. >> it is congress's job to pass a budget. they have to pass a budget -- >> are you saying the president is making it impossible to negotiate. >> i'm saying he wants to negotiate and chris, congress needs to do it's job. the president has taken many
the economy down. you agree. in 1997 you were deputy director when the debt was tied to measurin measures for the government. >> chris, in 1997 i sat through ere me-- every meeting and it w never brought up. i know john boehner doesn't want to default or shut tdown. >> john boehner is not threatening to default. he is saying he doesn't want to. republicans to talking about a down payment on the debt. they're willing to ease the automatic spending cuts through long term enitlement...
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50
Oct 16, 2013
10/13
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CSPAN
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economy over the long-term, not short-term? that is how you invest long-term and how you need to stay calm eerie at the short-term investor is trading. trading massively, very quick. at 9:00 and selling it at 9:30. is the short term trader. the short-term trader has a role in the market. there are short-term traders. back in the 1990s a lot more short-term traders. some of the date traders have gone away. they do not have to show calm. i think you have to decide who you are. if you are a long-term investor or day trader. i am not a day trader. i would not get into that business because it seems to me it is very risky. you have to know what you were doing. if you are a long-term investor, i think it is prudent to stay calm him and know we are living longer. the demographic show your children may very well live to 100 years old. you really want to have the money you need to have it to my office. >> good morning, maria. i would like to say the problem is the immigration bill. as a republican i do believe immigration would bring ab
economy over the long-term, not short-term? that is how you invest long-term and how you need to stay calm eerie at the short-term investor is trading. trading massively, very quick. at 9:00 and selling it at 9:30. is the short term trader. the short-term trader has a role in the market. there are short-term traders. back in the 1990s a lot more short-term traders. some of the date traders have gone away. they do not have to show calm. i think you have to decide who you are. if you are a...
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Jan 11, 2013
01/13
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CSPAN
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thanks in large part to his steady hand, our economy has been growing again for the past three years. our businesses have created nearly 6 million new jobs, the money that we spend to save the financial system has largely been paid back, we put in place of rules to prevent that kind of financial meltdown from ever happening again, the auto industry was saved, we made sure taxpayers are not on hook if the biggest firms fail again. we have taken steps to help underwater homeowners come up for air and opened new markets to sell american goods overseas and we have begun to reduce our deficit and reform to a tax code that, at the time we both came in, was too skewed in favor of the wealthy at the expense of middle class americans. when the history books are written, tim geithner will go down as one of our finest secretaries of the treasury. [applause] [applause] >> don't embarrass him. [laughter] on a personal note, tim has been a wonderful friend and a dependable adviser to route these last four years. there is an unofficial saying at treasury -- no peacocks, and the jerks, no wiener's. w
thanks in large part to his steady hand, our economy has been growing again for the past three years. our businesses have created nearly 6 million new jobs, the money that we spend to save the financial system has largely been paid back, we put in place of rules to prevent that kind of financial meltdown from ever happening again, the auto industry was saved, we made sure taxpayers are not on hook if the biggest firms fail again. we have taken steps to help underwater homeowners come up for air...
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Oct 8, 2013
10/13
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CNBC
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it is based on a flawed analysis of how our economy works. you cannot pay some bills and not others and think somehow that the fact that you're paying some bills protects you from a loss of credit worthiness. that's not what happens in our personal lives. i don't know why people think that's how it works for the united states government. >> do you think you might have emergency powers you could use after any default? >> we have used a lot of our emergency powers. jack lew has used extraordinary measures to keep paying our bills over the last several months. but at a certain point those emergency powers run out. the clock is ticking. and i do worry that republicans, but also some democrats, may think that we've got a bunch of other rabbits in our hat. there comes a point in which if the treasury cannot hold auctions to sell treasury bills, we do not have enough money coming in to pay all our bills on time. it's very straightforward. and i know there's been some discussion, for example, about my powers under the 14th amendment to go ahead and i
it is based on a flawed analysis of how our economy works. you cannot pay some bills and not others and think somehow that the fact that you're paying some bills protects you from a loss of credit worthiness. that's not what happens in our personal lives. i don't know why people think that's how it works for the united states government. >> do you think you might have emergency powers you could use after any default? >> we have used a lot of our emergency powers. jack lew has used...
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Jan 11, 2013
01/13
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FBC
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>> well, looking at the economy, it's growing modestly. our trade picture is reasonable. it's good enough for the stuff that we are worrying about, nobody's worrying about it. we would have to go into a recession again. >> do you see a recession? >> not we make enough of a mess out of march as we almost did in december in washington dc. the natural forces of economic growth and recovery and monetary stimulus, these are all keeping this thing going. there is some element of that with short-term interest rates and also some good things happening. housing is moving back up. housing is healing. there are some things happening. neil: so there's not too much of a growth enough to stave off catastrophe? >> yes. neil: then what do we do? >> the fed will slap our face. and then the economy does not have enough on its own to really look forward. >> thank you so much. it's really great to talk to you. one of the smartest guys i know on wall street. neil: budget crunch is like reading the menu. we have the actual menu coming out. >> cut to the chase. easier than you think when you co
>> well, looking at the economy, it's growing modestly. our trade picture is reasonable. it's good enough for the stuff that we are worrying about, nobody's worrying about it. we would have to go into a recession again. >> do you see a recession? >> not we make enough of a mess out of march as we almost did in december in washington dc. the natural forces of economic growth and recovery and monetary stimulus, these are all keeping this thing going. there is some element of...
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. >> consequences for the economy would be catastrophic. we fought back from the worst economic crisis in our lifetimes. >> as washington shheaded to a shutdown, fatigue. >> as i said at 2:30 yesterday, i will stand against obama care as long as i'm able to stand. >> frustration. >> we have a great country, a strong economy, a terrific society. all we can do is erode trust and confidence in our government. we should be ashamed. >> where was the fear? >> the senate decided not to work yesterday. well, my goodness, if there is such an emergency, where are they? >> treasury secretary jack lew warns if the debt ceiling is not raised by october 17th, the congress could not pay its bills. >> you would have a worldwide financial meltdown. that is what we need to head off. that is why we need this constructively. >> the people have seen this movie before. call it crisis fatigue or the chicken little effect. >> the sky is falling. >> the countdown is on. is it the calm before the storm or the storm before the calm? we have john here with us. has was
. >> consequences for the economy would be catastrophic. we fought back from the worst economic crisis in our lifetimes. >> as washington shheaded to a shutdown, fatigue. >> as i said at 2:30 yesterday, i will stand against obama care as long as i'm able to stand. >> frustration. >> we have a great country, a strong economy, a terrific society. all we can do is erode trust and confidence in our government. we should be ashamed. >> where was the fear? >>...
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64
Sep 22, 2013
09/13
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CSPAN
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eye 64
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why do we not say yes and get our economy moving again? the bills we will continue to pass sure that we're doing our job and we will continue fighting to keep government- funded and address the problems in our economy. appears to be tension between house republicans and senate republicans. john boehner said very adamantly it is time forces and republicans to pick up the mantle. ted cruz that he will use all measures possible including a filibuster. if he does not do that, has he failed to live up to his words and his promises? >> whatever the senate does is going to be their responsibility. the first thing we have to do is do our job in the house. i would encourage all senators, i hope they would stand tall and represent and fight for the american people who are saying this is unworkable. we probably have some tactics over the last few weeks. i do not think any of us had disagreements. that is to fight for the american people who are losing the good health care they have. families are facing 50% increases in costs. these are real, dire con
why do we not say yes and get our economy moving again? the bills we will continue to pass sure that we're doing our job and we will continue fighting to keep government- funded and address the problems in our economy. appears to be tension between house republicans and senate republicans. john boehner said very adamantly it is time forces and republicans to pick up the mantle. ted cruz that he will use all measures possible including a filibuster. if he does not do that, has he failed to live...
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56
May 17, 2013
05/13
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FBC
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eye 56
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, to be honest -- -- >> he has been liking what has been happening to the economy. >> but, the economy is not doing much better, people still are leaving, workforce, while we can say that unemployment rate has dropped it is because there are thousands of people still leaving the workforce, every month, that we can point to. and that does not point to an economy that is starting to thrive. neil: phil, a read on where this goes. do you think these are going to be sort of obsessing points good or bad for the summer? >> yeah, i do, i think they will be where they have been front and center, and even the hhs scandal with secretary sebelius calling ceos cash that off and the radar. i think they will continue to dominate, i think it will is important that people who think like i do we need to government government spending under control, that should remain focus, use this as a window on the problem of big government rather than making it about specif, personalities and sensational. neil: okay, we'll have you back. this just in, so far. just two guys, fired as a result of the mountain scandals
, to be honest -- -- >> he has been liking what has been happening to the economy. >> but, the economy is not doing much better, people still are leaving, workforce, while we can say that unemployment rate has dropped it is because there are thousands of people still leaving the workforce, every month, that we can point to. and that does not point to an economy that is starting to thrive. neil: phil, a read on where this goes. do you think these are going to be sort of obsessing...
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Jan 28, 2013
01/13
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KNTV
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eye 76
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to a consumer economy? is that on track, how would you characterize it? >> you know, i think that people have different ideas and expectations about the pace of transition. but there's no issue that everyone believe that we have to go through this structural change of economic productivity to be more environmentally friendly, to be more sustainable, to be more value-added is definitely the way to go. i think to make people spend more and save less is to provide them with a more complete social and medical welfare. so that people will feel safe to spend the money. >> sure. big saver of community. good to have you on the program. >> thank you, maria. thank you for having me. >> good to see you. >> thank you. >>> up next, a look at the news this week that will be have an impact "on the money." and then the art of coming together to solve the world's problems. the themes of davos offer tranquility on the mountain. >>> for more on our show and our guests, check out the website, otm and follow my me on twitter an
to a consumer economy? is that on track, how would you characterize it? >> you know, i think that people have different ideas and expectations about the pace of transition. but there's no issue that everyone believe that we have to go through this structural change of economic productivity to be more environmentally friendly, to be more sustainable, to be more value-added is definitely the way to go. i think to make people spend more and save less is to provide them with a more complete...
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Oct 10, 2013
10/13
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CSPAN
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eye 77
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default could have on the global economy. governor wholahoma heads the american bankers association will testify. live coverage is that 10:00 a.m. eastern. >> first lady grace coolidge was known as the first lady of baseball baseball. quacks she was a lifelong baseball fan being in massachusetts and vermont, they were big boston red sox fans. when they went to governor wash, had allegiance to the local team down there, the washington senators. in our collection, we have a number -- a number of season passes she was given by the american league. usually they were issued to her either in a or a pocketbook. some of the pocketbooks are wonderful art deco in style. one of the items in the exhibit is the certificate that she was given by the boston red sox and the washington nationals as they and as aed in 19 55, giving her the first lady of the land, the first lady of baseball. watch our special called " continueies" and we our series monday. >> president obama nominated to head the federal reserve. she would be the first woman ha
default could have on the global economy. governor wholahoma heads the american bankers association will testify. live coverage is that 10:00 a.m. eastern. >> first lady grace coolidge was known as the first lady of baseball baseball. quacks she was a lifelong baseball fan being in massachusetts and vermont, they were big boston red sox fans. when they went to governor wash, had allegiance to the local team down there, the washington senators. in our collection, we have a number -- a...
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Feb 16, 2013
02/13
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FOXNEWS
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eye 64
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are somewhat pole driven and sound generally good to the public and he pitches them as helping the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the endorsement of activist government was, this was eons from the bill clinton presidency. this is an unapologetic look, look, government will do the following things for you, suggests to me that he thinks he has the liberal majority in the country? >> yeah, and not having to fun again for reelection, having just won, the pretense is falling apart from cares a lot about debt and deficit reduction, a lot of new programs, a lot of of new spending and i think as we said, 2014, we find out if the congress is going to be able to stop those programs in the last two years of his term. >> i think there's more going on here
are somewhat pole driven and sound generally good to the public and he pitches them as helping the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the...
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find out what's really happening to the global economy. for a no holds barred global financial headlines kaiser report on a. couple. if you just joined it's a very well welcome aussie life here in moscow the news continues now it's the fortieth anniversary of america's suspension of offensive action in vietnam a war that cost both sides dear and lives and money resulted miniport now explains the foreign policy of recent years makes many doubt if any lessons were learned. sixty one year old ken doll to him is a husband father and retired firefighter four decades ago he was a member of the u.s. navy serving in vietnam every year we were there every day was like nine eleven for those people every day was. the work killed an estimated three million vietnamese and more than fifty eight thousand americans the u.s. stepped in on the side of south vietnam in its fight against the communist back north which was seeking to unify the country on january fifteenth one thousand nine hundred seventy three thousand excess and announce the end of offensive
find out what's really happening to the global economy. for a no holds barred global financial headlines kaiser report on a. couple. if you just joined it's a very well welcome aussie life here in moscow the news continues now it's the fortieth anniversary of america's suspension of offensive action in vietnam a war that cost both sides dear and lives and money resulted miniport now explains the foreign policy of recent years makes many doubt if any lessons were learned. sixty one year old ken...
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111
Oct 8, 2013
10/13
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CNBC
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eye 111
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because future presidents, republican or democrat should not be in a position to choose whether the economy stays afloat and we avoid worldwide catastrophe or we provide concessions to one faction of one party in one house. but let me tell you a lesson i learned. i think we should. tlink are all kinds of issues we should be talking about and i don't expect to get 100% of my way and i'm still very open to having conversations with not just the speaker but any republican over there. so -- go ahead. >> if you enter into a series of short-term funding bills or a debt ceiling funding bill, you will be back in the same place presumably with the same members of congress rngs so what has changed in the political dynamic if you do the short-term -- >> i think what has changed is they're aware of the fact that i'm not budging when it comes to the full faith and credit of the united states, that that has to be dealt with. you don't pay a ransom. you don't pay concessions for congress doing its job and america paying its bills. and i think most people understand that you know, i was at small business t
because future presidents, republican or democrat should not be in a position to choose whether the economy stays afloat and we avoid worldwide catastrophe or we provide concessions to one faction of one party in one house. but let me tell you a lesson i learned. i think we should. tlink are all kinds of issues we should be talking about and i don't expect to get 100% of my way and i'm still very open to having conversations with not just the speaker but any republican over there. so -- go...
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Feb 26, 2013
02/13
by
FBC
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eye 62
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the challenges our economy faces today are fiscal in nature. making sure we raise taxes are not endorse and job creators. we have had a 53% increase in the regulatory burden. gerri: that is absolutely true. in the senate hawkins testimony today, they asked an interesting question, and it was about the implied backing for large banks in this country. some $83 trillion, $83 trillion. it is implied too big to fail cushion from the federal government which basically says we will be behind you, the banks pay less money in interest rates, and now when you do the math the big banks would not even be doing money it wasn't for the backing of the federal government. would you be asking the chairman about this tomorrow? >> we have a limited amount of time to ask a lot of questions. the bottom line is dodd-frank did and too big to fail, institutionalized too big to fail. number one, now hav i now have e federal government giving the ability to designate firms as too big to fail, and dodd-frank sets up the orderly liquidation that essentially allows the fdi
the challenges our economy faces today are fiscal in nature. making sure we raise taxes are not endorse and job creators. we have had a 53% increase in the regulatory burden. gerri: that is absolutely true. in the senate hawkins testimony today, they asked an interesting question, and it was about the implied backing for large banks in this country. some $83 trillion, $83 trillion. it is implied too big to fail cushion from the federal government which basically says we will be behind you, the...
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Feb 14, 2013
02/13
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KCSMMHZ
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we start with data on japan's economy just out. the country's gross domestic product for the final quarter of 2012 shrank slightly in the october to december period. this is the third straight quarter of contraction. cabinet office officials say gdp for the quarter fell 0.1% from the previous three months. that's a decline of 0.4% in annual terms. this is due to weak global demand. exports shrank 3.7%. and capital spending at companies went down 2.6%. >>> financial leaders in the u.s. are facing their own set of challenges. president obama nominated his chief of staff to be his next treasury secretary. and now jack lew is outlining what he sees ahead for the economy. ai uchida joins us now from the business desk. ai, good morning. >> good morning, catherine. jack lew, he has to win over the democrats and the republicans before he can be treasury secretary. so he's asking lawmakers for bipartisan support on fiscal reform. he says this is needed to keep the u.s. economy on the path to recovery. lew spoke to senators on wednesday. he'
we start with data on japan's economy just out. the country's gross domestic product for the final quarter of 2012 shrank slightly in the october to december period. this is the third straight quarter of contraction. cabinet office officials say gdp for the quarter fell 0.1% from the previous three months. that's a decline of 0.4% in annual terms. this is due to weak global demand. exports shrank 3.7%. and capital spending at companies went down 2.6%. >>> financial leaders in the u.s....
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Jan 27, 2013
01/13
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CSPAN
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eye 92
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we need to focus our efforts and ideas to grow the american economy, not the government economy. i'm going to talk about a couple of other points but if you take nothing else from what i say we must not become the party of austerity. we must not be the party of austerity. we must be the party of growth which we know that government is out of control and the public knows that too and we just lost an election. we cannot afford to fight on the on economic growth. an opportunity that is based in every community in this great country and it is not based in washington, d.c. >> if we keep believing that government will take us down wit. if our end goal is to >> i'm not signeding up for that. >> i don't. that's what we have democrats for. >> austerity andless from the economy. the republican party is the party of more. the party that creates more from the economy. it's time for all of to us remember we are not in this just to win elections. we are in to make america the greatest she can be. the make at this time pross perous opportunity she can be. to do this we are going to have to win
we need to focus our efforts and ideas to grow the american economy, not the government economy. i'm going to talk about a couple of other points but if you take nothing else from what i say we must not become the party of austerity. we must not be the party of austerity. we must be the party of growth which we know that government is out of control and the public knows that too and we just lost an election. we cannot afford to fight on the on economic growth. an opportunity that is based in...
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Aug 27, 2013
08/13
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CNBC
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. >> you know, i focus on the core economy here. we have foreign policy decisions that are going to need to be made for reasons other than core economics. and obviously we'll have to manage accordingly. in terms of fed tapering, as treasury secretary don't comment on monetary policy. but i will focus on core economics. we've seen -- >> how strong is the core economy? >> i think it's been growing in the 2% range and i think it's important to note that's with substantial head winds from federal policy, some on purpose, some not on purpose. we withdrew the payroll tax cut but that was a short term policy that had to be withdrawn as we saw economic growth and across the boards cuts of sequester are an unintended self-inflicted wound and meant to be replaced by long-term savings that would be a sensible path for the future. in spite of those drags on the economy, we're seeing 2% growth. as we get to the end of the year, we think that without the head winds of additional federal cuts, the economy should pick up a notch again. >> reporter:
. >> you know, i focus on the core economy here. we have foreign policy decisions that are going to need to be made for reasons other than core economics. and obviously we'll have to manage accordingly. in terms of fed tapering, as treasury secretary don't comment on monetary policy. but i will focus on core economics. we've seen -- >> how strong is the core economy? >> i think it's been growing in the 2% range and i think it's important to note that's with substantial head...
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Oct 6, 2013
10/13
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FOXNEWSW
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you're the one saying they're ready to take the economy down. they say they don't want to take the economy down. you agree. in 1997 you were deputy director of omb when the debt limit was tied to measures to balance the budget. if it was good enough for bill clinton to sit down and negotiate with the house speaker, why isn't it good enough for barack obama? >> in 1977 i sat through every meeting in the balanced budget negotiations. nobody once ever raised the issue of threatening default. >> neither is john boehner. >> i know john boehner. we have a good relationship. i know he doesn't want to default. he also didn't want to shut the government down, and here we are with a government shutdown. there is a majority in congress who would vote to do the right thing and the majority needs a chance to act. >> boehner is saying he doesn't want to default. republicans are talking about a down payment on the debt. they're willing to ease the sequester automatic spending cuts in return for long-term spending cuts through entitlement reform. will the presi
you're the one saying they're ready to take the economy down. they say they don't want to take the economy down. you agree. in 1997 you were deputy director of omb when the debt limit was tied to measures to balance the budget. if it was good enough for bill clinton to sit down and negotiate with the house speaker, why isn't it good enough for barack obama? >> in 1977 i sat through every meeting in the balanced budget negotiations. nobody once ever raised the issue of threatening default....
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Oct 8, 2013
10/13
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MSNBCW
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it is based on a flawed analysis of how our economy works. you cannot pay some bills and not others and think somehow that the fact that you're paying some bills protects you from a loss of credit worthiness, that's not what happens in our own personal lives, i don't know why people think that's how it works for the united states government -- >> we have used a lot of emergency powers, jack lew has used extraordinary measures to keep paying our bills over the last several months. but at a certain point those emergency powers run out and the clock ticks. and i do worry that republicans but also some democrats may think we've got a bunch of other rab bits in our hat. there comes a point in which if the treasury cannot hold options to sell treasury bills, we do not have enough money coming in to pay all of our bills on time. it's very straightforward. i know there's been some discussion, for example, about my powers under the 14th amendment to go ahead and ignore the debt ceiling law, sitting aside the legal analysis, what matters is that if you
it is based on a flawed analysis of how our economy works. you cannot pay some bills and not others and think somehow that the fact that you're paying some bills protects you from a loss of credit worthiness, that's not what happens in our own personal lives, i don't know why people think that's how it works for the united states government -- >> we have used a lot of emergency powers, jack lew has used extraordinary measures to keep paying our bills over the last several months. but at a...
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Jan 10, 2013
01/13
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FBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressur do not drink alcohol in excess with cialis. side effect
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses you know it even after all these years. but your erectile dysfunction - you know,that could be a...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. kids he. just needs. sixty. washington to fans of sweeping surveillance of millions of internet users over seven years saying only spied on foreigners outside the country. american china ready for an informal meeting in california amid finger pointing over its cyber attacks and flaring tension over washington's military build up in china's backyard. and president putin is set to become officially single after he and his wife announce the marriage is over in what they called an amicable split after thirty years of being together.
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into kinds a report on our. kids he. just needs. sixty. washington to fans of sweeping surveillance of millions of internet users over seven years saying only spied on foreigners outside the country. american china ready for an informal meeting in california amid finger pointing over its cyber attacks and flaring tension over washington's military build...
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Jan 13, 2013
01/13
by
KQED
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. >> our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. i understand that tim is ready for a break. obviously, we are sad to see him go, but i cannot think of a better person to continue tim 's work at treasury than jack lew. >> unlike most treasury secretaries, jack lew earn his stripes and a washington and not wall street. he worked for tip o'neill in the 1970's and 1980's, and was clinton's: the director in the 1990's. evan, what does this tell us about the physical fights ahead? >> the good news is that he knows washington bit bad news is that he will do exactly what obama tells him, and from all indications, obama will not do much about fiscal restraint. >> nina, your sense of jack lew and what lies ahead? >> i think i agree with evan, but lew really does know the budget numbers. he did this in the clinton administration when we had a surplus, as the white house points out over and over again. jeff sessions in the senate is saying no way, and one se
. >> our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. i understand that tim is ready for a break. obviously, we are sad to see him go, but i cannot think of a better person to continue tim 's work at treasury than jack lew. >> unlike most treasury secretaries, jack lew earn his stripes and a washington and not wall street. he worked for tip...
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Oct 16, 2013
10/13
by
CNN
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this is a serious warning that america's government is doing america's economy and the world economy potential harm. >> has the shut down, the fight already hurt the economy? >> absolutely, $20 billion already the damage to the economy but, you know, you talk to families that don't have a disability payment or talk to people who work with a contract with the government and haven't been able to get paid or somebody that has to be licensed and can't do their job because they are tied up in paperwork. they are feeling that at the kitchen table now. when you go back to 2009, you're talking about hundreds of thousands of jobs that should have been created that weren't because of the budget battles at a time when we really need to have traction in the economy, and again, anderson, from outside these walls, people look in. wall street looks in. people like the ratings agencies look in and say this was another wasted day in washington and we are too close to the edge. >> appreciate the update. congressman king joins me now. thanks for being with us. >> thank you. >> how do you describe what
this is a serious warning that america's government is doing america's economy and the world economy potential harm. >> has the shut down, the fight already hurt the economy? >> absolutely, $20 billion already the damage to the economy but, you know, you talk to families that don't have a disability payment or talk to people who work with a contract with the government and haven't been able to get paid or somebody that has to be licensed and can't do their job because they are tied...
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Dec 5, 2013
12/13
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CSPAN
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the constraint holds our economy back. it seemed like charlie brown and the football, but our reporters tell us that there is going to be a budget deal this time. [laughter] ryan, patty murray -- they are going to reach some sort of small deal so that reporters and lawmakers in budget directors are not working on new year's eve again. have you been briefed on the murray-ryan conversations? we submit a budget and then they act -- and then congress acts on it. we are excited and happy to be at this point. we are supportive of the process. what the administration can best do to get the ball over the line is be supportive of the process. the supportive of the effort that ms. mari and mr. ryan are doing -- mr. murray -- ms. mu rray and mr. ryan are doing. that is what we're doing. the entire process began before i came back to the office of management and budget. being specifics are worked out. it is pretty clear the gist of this deal. we're going to set some spending so we can have regular order, to change some of the sequeste
the constraint holds our economy back. it seemed like charlie brown and the football, but our reporters tell us that there is going to be a budget deal this time. [laughter] ryan, patty murray -- they are going to reach some sort of small deal so that reporters and lawmakers in budget directors are not working on new year's eve again. have you been briefed on the murray-ryan conversations? we submit a budget and then they act -- and then congress acts on it. we are excited and happy to be at...
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Oct 13, 2013
10/13
by
KQED
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the debt ceiling will have a profound effect on the economy. not just the shutting of the monuments and the none i'll of payments here and there. -- and the denial of payments here and there. i think the parties deserve equal blame. months, you will jeopardize the credit, you will give other countries an opportunity to look for another reserve currency. you look for the one person you saw first. he is the president. i'm just talking about the political effects. not who is to blame. that is what i think the president has offered -- he offered this on tuesday in the press conference. jay carney was asked outright, if you are asked to short-term -- if you were offered a short- term extension of the debt ceiling, would you do it? jay carney answered yes. look at the transcript. they reason they answered yes was every day you approach the debt limit, it is very -- >> now they want to walk back. ofnow they have an offer november 22. willt the question is, they open up the government? >> put yourself in the position of a member of congress. whether yo
the debt ceiling will have a profound effect on the economy. not just the shutting of the monuments and the none i'll of payments here and there. -- and the denial of payments here and there. i think the parties deserve equal blame. months, you will jeopardize the credit, you will give other countries an opportunity to look for another reserve currency. you look for the one person you saw first. he is the president. i'm just talking about the political effects. not who is to blame. that is what...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into kinds a report on our.
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into kinds a report on our.
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Oct 16, 2013
10/13
by
CNNW
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eye 196
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, the world's economy and most importantly, to your economy. members of congress on the right and left why they failed to end this so far, plus some of the
, the world's economy and most importantly, to your economy. members of congress on the right and left why they failed to end this so far, plus some of the
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come to find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report. you know sometimes you see a story and it seems so poorly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom hartman welcome to the big picture. the worst you're going to face the only white house of the day the radio guy for the tale of minestrone cricket because they want you to watch what we're about to give you never seen anything like this on trial. one of the largest credit markets in the u.s. might have a bite taken out of it yesterday the f.c.c. release a proposal for major reforms to the money market fund industry which is causing a bit of controversy for delegates one of the largest money market fund groups claimed that these changes would destroy money market funds this sounds a bit scary because money markets are eight point six trillion dollar industry so let's take a look at exactly what is
come to find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report. you know sometimes you see a story and it seems so poorly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom hartman welcome to the big picture. the worst you're going to face the only white house of the day the...
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these how the regulations fall into place because you don't want to stifle the free markets and the economy with respect to these banks in the nation is not final because there has to be in a process. that is going to go through the final ruling will be made by treasury secretary jack lew when he makes this sign off because of this absolute itself did not reveal the company's names he left that up to the companies to voluntarily and now is that to the markets. why do you think that they these companies that go ahead and do that. well i think you know it seems as if in today's world full disclosure and timely disclosure the market at least has the ability to digest in a lot of these c.e.o.'s and. now given some of the other issues with say lehman brothers for example or bear stearns you know disclosing something early on i think allows shareholders to feel some level of comfort. in the stock price and the future and so the chairman coming out disclosing that and then saying that hey actually i think this might be a good thing for the company prevents less volatility in the stock price so tha
these how the regulations fall into place because you don't want to stifle the free markets and the economy with respect to these banks in the nation is not final because there has to be in a process. that is going to go through the final ruling will be made by treasury secretary jack lew when he makes this sign off because of this absolute itself did not reveal the company's names he left that up to the companies to voluntarily and now is that to the markets. why do you think that they these...